Financial & Valuation Intelligence™
Polycab India Limited
NSE
POLYCAB
Sector: Capital Goods· Cables - ElectricalsCurrent Price
₹7,413.5
Market Cap
₹1.24 L Cr
AI Financial Summary
Polycab India Limited exhibits exceptional growth and operational efficiency, characterized by a robust 20.24% revenue CAGR and 31.15% PAT CAGR over the observed period. While the firm commands high-quality status, the current valuation indicates a slight premium relative to its calculated intrinsic value.
Business Performance (CAGR)
10 Years
Revenue
20.2%
PAT
31.2%
EPS
30.2%
Book Value
21.2%
Free Cash Flow
42.5%
Valuation Snapshot
P/E38.6
P/B8.6
EV/EBITDA30.7
P/S4.3
Div Yield0.57%
Financial Health
Debt to Equity0.02
Interest Coverage15.9x
Current Ratio1.24
Cash & Investments₹4.29K Cr
Profitability Metrics
ROE
22.3%
ROCE
31.5%
ROA
13.1%
EBITDA Mgn
13.9%
Op Margin
13.4%
Net Margin
9.3%
Cash Flow Intelligence
Operating Cash Flow₹3.81K Cr
Free Cash Flow₹2.26K Cr
Cash Conversion142.6%
FCF Margin7.8%
Intrinsic Value
PremiumEstimated Intrinsic Value
████████
Current Price₹7,413.5
Margin of Safety██.██%
Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.
AI Business Verdict
Polycab is a high-quality, growth-oriented business with exceptional financial health, though it currently trades at a valuation that leaves little margin for error.
- Extremely robust revenue and profit growth trends.
- Virtually debt-free status providing high financial resilience.
- Superior cash flow generation and high quality of earnings.
- Industry-leading returns on invested capital.
Balance Sheet
AI-Powered Analysis
Balance Sheet Strength™
73/100
Good
Polycab India Limited maintains a balanced sheet with adequate liquidity and manageable leverage.
AI Confidence
92%
Stability
66
Flexibility
82
Strength Factors
Liquidity60
Leverage96
Working Capital52
Asset Quality54
Shareholder Strength99
Financial Stability66
Financial Flexibility™
82/100
Strong
Capacity to fund growth, withstand downturns and return capital.
Total Assets
₹20.46K Cr
▲ 19.7% YoY
Total Liabilities
₹8.46K Cr
▲ 16.3% YoY
Shareholder Equity
₹12.01K Cr
▲ 22.2% YoY
Net Cash Position
+₹4.05K Cr
Excellent
Debt / Equity
0.02x
Very Low
Enterprise Value
₹1.20 L Cr
Capital Structure
Assets
₹20.46K Cr
Equity
₹12.01K Cr (58.7%)
Liabilities
₹8.46K Cr (41.3%)
Debt Intelligence™
Debt vs Cash Trend
Debt / Equity0.02x
Interest Coverage15.9x
Debt / EBITDA0.09x
Net Debt₹-4.05K Cr
Debt Trend (5Y)-22.7%
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio1.24
Quick Ratio0.56
Cash Ratio0.10
Working Capital₹1.98K Cr
Operating Cash CoverageStrong
Short-term LiquidityAdequate
Working Capital Intelligence™
CCC Trend
Receivable Days47
Inventory Days70
Payable DaysNot Available
Cash Conversion Cycle118 days
Asset Quality (% of Total Assets)
Cash & Investments4.3%
Property, Plant & Equip.18.3%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets76.2%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)21.2%
Net Worth CAGR (5Y)22.1%
Retained EarningsExcellent
Equity Dilution0.00%
Buyback EfficiencyGood
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskLow
Liquidity RiskElevated
Working Capital RiskElevated
Refinancing RiskLow
Asset Quality RiskElevated
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskModerate
Balance Sheet Stress Test™
Economic Slowdown65
Acquisition Capacity86
High Interest Rates96
Dividend Sustainability91
Revenue Decline71
Cash Flow Resilience75
Expansion Capacity89
Overall Resilience Score
82/100
Strong Resilience
AI Balance Sheet Commentary
Overall Assessment
- Polycab India Limited maintains a balanced sheet with adequate liquidity and manageable leverage.
What Stands Out
- Net cash position — debt fully covered by cash & investments
- Large cash & investment reserves
- Very low leverage with net cash balance
- Strong shareholder equity growth
- High interest coverage
Areas To Monitor
- Long working capital cycle
- Large 'other assets' bucket — investigate composition
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2026